TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of TCL Zhonghuan Renewable Energy Technology Co Ltd stock ¥4.92, price ¥9.38, that is 47.5% below the price, quality 33 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ¥7.17 – ¥45.99 · fair‑value band ¥3.66 – ¥7.34 · the ¥9.38 price screens above the ¥4.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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TCL Zhonghuan Renewable Energy Technology Co.,Ltd. engages in the research, development, production, and sales of silicon materials in China and internationally. The company offers mono wafers and shingled modules.
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It is also involved in the photovoltaic power station business, including resource development, EPC engineering construction and management, intelligent operation, and maintenances services.
The company was formerly known as Tianjin Zhonghuan Semiconductor Co., Ltd. and changed its name to TCL Zhonghuan Renewable Energy Technology Co.,Ltd. in June 2022. TCL Zhonghuan Renewable Energy Technology Co.,Ltd. was founded in 1958 and is headquartered in Tianjin, China.
TCL Zhonghuan Renewable Energy Technology Co.,Ltd. operates as a subsidiary of TCL Technology Group Corporation.
Stock analysis
TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) currently trades at ¥9.38, while our model-based Fair Value estimate is ¥4.92, 48% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the data coverage at low.
Scenario range: ¥3.66 (bear) to ¥7.34 (bull), the price of ¥9.38 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TCL Zhonghuan Renewable Energy Technology Co Ltd reported revenue of 29.0B CNY in FY2025 versus 41.1B CNY in FY2021, a compound −8.3%/yr. Reported net income was −9.3B CNY in FY2025.
Key figures
Market cap 37.5B CNY (≈ $5.6B) Mid · P/S ratio 1.22 · EPS (TTM) ¥−2.00 · Dividend yield 3.7% · Net margin −26.0% · Return on equity −22.6% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin −3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at −48%, 002129 screens richer than that median.
Fair Value models
Bear¥3.66Fair Value ¥4.92Bull¥7.34
Price ¥9.38 · Downside -47.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham)¥1.83¥2.46¥3.6754
All 1 models by family
Asset-Based
NCAV (Graham)¥1.83¥2.46¥3.6754
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.26/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−24.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
Start year 2020 (pandemic). Over 10 years: +19.1% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
8.6% (2020) → −25.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductor Equipment & Materials · 235 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TCL Zhonghuan Renewable Energy Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002129
Frequently asked questions
Is TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥4.92 versus the last price from Oct 30, 2026 of ¥9.38, about 48% lower (overvalued).
What is the fair value of 002129?
Our model-based fair value for TCL Zhonghuan Renewable Energy Technology Co Ltd is ¥4.92 (as of Nov 3, 2026), built from audited fundamentals. Last price (from Oct 30, 2026): ¥9.38.
What is the quality score of 002129?
TCL Zhonghuan Renewable Energy Technology Co Ltd has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
Our model-based price target is the fair value of ¥4.92 (as of Nov 3, 2026) from 1 valuation models. Cautious scenario ¥3.66, optimistic scenario ¥7.34. It is a calculation from audited fundamentals, not an analyst target.
What is the TCL Zhonghuan Renewable Energy Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥4.92, about 48% lower versus the last price from Oct 30, 2026 of ¥9.38 (overvalued). Cautious scenario ¥3.66, optimistic scenario ¥7.34. The calculation is refreshed regularly with new filings.
What is the revenue of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
TCL Zhonghuan Renewable Energy Technology Co Ltd reported trailing-twelve-month revenue of about 31.0B CNY (latest available figure, as of Nov 3, 2026).
Does TCL Zhonghuan Renewable Energy Technology Co Ltd pay a dividend?
TCL Zhonghuan Renewable Energy Technology Co Ltd currently shows a dividend yield of 3.69% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
TCL Zhonghuan Renewable Energy Technology Co Ltd has a dividend yield of 3.7%.
What is the intrinsic value of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TCL Zhonghuan Renewable Energy Technology Co Ltd it is ¥4.92 per share (as of Nov 3, 2026), against a price of ¥9.38. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is TCL Zhonghuan Renewable Energy Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 002129 trades above its calculated fair value: price ¥9.38, fair value ¥4.92, a gap of about −48% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002129?
No. The price is what the market pays today (¥9.38); the fair value is what the company's own numbers justify (¥4.92). For TCL Zhonghuan Renewable Energy Technology Co Ltd the two are ¥4.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is TCL Zhonghuan Renewable Energy Technology Co Ltd worth?
The market values TCL Zhonghuan Renewable Energy Technology Co Ltd at about 37.5B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥9.38; our models calculate a fair value of ¥4.92 per share.
What do the bullish and bearish scenarios say about 002129?
Our models span a range for TCL Zhonghuan Renewable Energy Technology Co Ltd: cautious scenario ¥3.66, base ¥4.92, optimistic ¥7.34 per share (as of Nov 3, 2026, price ¥9.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 002129?
The PEG ratio of TCL Zhonghuan Renewable Energy Technology Co Ltd is 2.65 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
Balance-sheet figures for TCL Zhonghuan Renewable Energy Technology Co Ltd (as of Nov 3, 2026): return on equity −22.6%, debt of 1.93 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 002129 from its 52-week high?
TCL Zhonghuan Renewable Energy Technology Co Ltd trades at ¥9.38, about 22% below its 52-week high of ¥12.02 and 16% above the low of ¥8.12 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.92 is for.
Which stocks are comparable to TCL Zhonghuan Renewable Energy Technology Co Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TCL Zhonghuan Renewable Energy Technology Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price ¥9.38, calculated fair value ¥4.92 (−48%), Quality Score 33/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002129 calculated?
We run TCL Zhonghuan Renewable Energy Technology Co Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥4.92 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. TCL Zhonghuan Renewable Energy Technology Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The latest price we hold is from Oct 30, 2026 and stands at ¥9.38. Our model-based fair value is ¥4.92, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TCL Zhonghuan Renewable Energy Technology Co Ltd right now?
The price sits above even our optimistic bull case (¥7.34). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥3.66 to ¥7.34) leaves room in how you read the outcome.
Key figures of TCL Zhonghuan Renewable Energy Technology Co Ltd
How large is the market capitalisation of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The market capitalisation of TCL Zhonghuan Renewable Energy Technology Co Ltd is 37.5B CNY (≈ $5.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The price-to-sales ratio of TCL Zhonghuan Renewable Energy Technology Co Ltd is 1.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
Earnings per share at TCL Zhonghuan Renewable Energy Technology Co Ltd are ¥−2.00. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The dividend yield of TCL Zhonghuan Renewable Energy Technology Co Ltd is 3.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The net margin of TCL Zhonghuan Renewable Energy Technology Co Ltd is −26.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The return on equity (ROE) of TCL Zhonghuan Renewable Energy Technology Co Ltd is −22.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
On an EBIT basis the return on assets of TCL Zhonghuan Renewable Energy Technology Co Ltd is 0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
The operating margin of TCL Zhonghuan Renewable Energy Technology Co Ltd is −3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
Revenue at TCL Zhonghuan Renewable Energy Technology Co Ltd is growing +12.6% versus a year earlier (3y avg −24.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)?
Earnings per share at TCL Zhonghuan Renewable Energy Technology Co Ltd are growing −20.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) generate?
The free cash flow of TCL Zhonghuan Renewable Energy Technology Co Ltd is −3.7B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) carry?
The net debt of TCL Zhonghuan Renewable Energy Technology Co Ltd is 50.7B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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